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87-- 106760 NONUNIFORM COVENANTS Borrower and Lender further covenant and agree as follows: 19. Acceleration; Remedies. Leader shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement In this Security Instrument (but not prior to acceleration under paragraphs 13 and 17 unless appBicabe law provides otherwise). The notice sboN specify: (a) Ike default; (b) the action required to cure flit default; (c) a rdate, wt less than 30 days from the date the outlet Is given to Borrower, by which the default must be cured; and (d) that f failure Io cwt the default on or before Ike date specified is the notice may result in acceleration of the sums secured by Ibis Security Instrument and ask of the Property. The notice sImN further inform Borrower of the right to retaliate after accekimliou fad Ike right to bring a court action to tluert the non-existence of a default or any other defense of Borrower to accelerate sad tale. If the deftolt is not cured on or before Ike date specified In Ihe notice, Lender at its option may require immtdWe payment In full of all sums secured by this Security Instrument without further demand and may Invoke The power of ask sad any other remedies permitted by applicable law. Leader shall be entitled to collect all expenses Incurred in punning the remedies provided in this paragraph 19, induding, but not limited to, reasonable attorney's fees and Mists of lkle evidence. If the power of sale is Invoked, 'f'ruslee shall record a notice of default In each county in which any part of the Property is located sod shall mail copies of such Rorke In the manner prescribed by applicable law to Borrower and to Ike other persons prescribed by applicable law. After the time required by applicable law, Trustee shall gave public notice of sale to the persons and in the mauler prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at Ike time tad place and under the terms designated In the notic e of sale to one or more poreek and In any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid. Trustee shall deliver to rite purchaser Trustee's deed conveying the Property. The recitals In the Trustee's deed shall be prima rack evidence of the truth of Ike statements mode therein. Trustee shall apply Ike proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to. Trustee's fees as permited by applicable law and reasonable attorney's fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to if. 20. Lender in Possession. Upon acceleration under paragraph 19 or abandonment of the Property, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees. and then to the sums secured by this Security Instrument. 21. Reconveyance. Upon payment of all sums secured by this :security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable taw. 23. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 24. Riders to " Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants and agreements of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. (Check applicable box(es)) KI Adjustable Rate Rider E Condominium Rider 17 2.4 Family Rider • Graduated Payment Rider El Planned Unit Development Rider • Other(s) [specify) BY SIGNING BELOW. Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and is anyecuted rrower and recorded with it. c =C ./ ^ ` /�� (Seal) (QiLL2Lc \ C \iii (Seal) ROBERT J SCHMIDT _ SHARON K. SCHMIDT --77 _a (seal) (Seal) JSV— attar Taw amt Fm STATE OF NEBRASKA HALL COUNTY OF SS: !- THE UNDERSIGNED K. r�� p�p�� SCfs21D t,"y, &)3AND "J% county and state, do hereby certify that ROBERT J. SCHMIDT AND SHARON , personally appeared before tux and is (are) known or proved to me to be the person(s) who, being informed of the contents of the foregoing instrument, have executed same, and acknowledged said instrument to be THEIR free and voluntary act sad Ihn. em, man deed and that executed said instrument for the purposes and uses therein set forth. ' i nx..et. ner� 20TH NOVEMBER Witttas my hand and official seal this day of 19 My Can i. :,':Y ,L"s it lithrism M :S£ KAY LOWRY rAy Lmmm Etp assn ?5. 1441 i .e __..__._.._L� (Seal) Notary Public ✓ dam/ This instrument was prepared by